SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K


                             Current Report Pursuant
                          to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


        Date of Report (Date of Earliest Event Reported) May 27, 1999
                                                        ----------------

                Deutsche Recreational Asset Funding Corporation
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             (Exact Name of Registrant as Specified in its Charter)



                                     Nevada
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                 (State or Other Jurisdiction of Incorporation)


          333-56303                                      91-1904587
  ------------------------                ------------------------------------
  (Commission File Number)                (I.R.S. Employer Identification No.)




655 Maryville Centre Drive, St. Louis, Missouri            63141
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  (Address of Principal Executive Offices)               (Zip Code)


                                 (314) 523-3000
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              (Registrant's Telephone Number, Including Area Code)


                                 Not Applicable
          ------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)




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Item 5.  Other Events.

         The Registrant is filing the exhibits listed in Item 7(c) below in
connection with the offering of Asset Backed Notes by Distribution Financial
Services Marine Trust 1999-2.

Item 7.  Financial Statements and Exhibits.

         (c)  Exhibits.


Exhibit
  No.             Document Description
- -------           --------------------
1.1               Underwriting Agreement dated March 12, 1999 among Deutsche
                  Bank Securities Inc., Deutsche Recreational Asset Funding
                  Corporation and Deutsche Financial Services Corporation.

1.2               Terms Agreement dated May 20, 1999 among Deutsche Bank
                  Securities Inc., Deutsche Recreational Asset Funding
                  Corporation and Deutsche Financial Services Corporation.

4.1               Amended and Restated Trust Agreement dated as of May 1, 1999
                  between Deutsche Recreational Asset Funding Corporation and
                  Norwest Bank Minnesota, National Association, as Owner
                  Trustee.

4.3               Indenture dated as of May 1, 1999 between Distribution
                  Financial Services Marine Trust 1999-2 and The Chase Manhattan
                  Bank, as Indenture Trustee.

10.1              Transfer and Servicing Agreement dated as of May 1, 1999 among
                  Deutsche Recreational Asset Funding Corporation, Distribution
                  Financial Services Marine Trust 1999-2 and Deutsche Financial
                  Services Corporation.

10.3              Ganis/Depositor Transfer Agreement dated as of May 1, 1999
                  between Ganis Credit Corporation and Deutsche Recreational
                  Asset Funding Corporation.

10.4              DFS/Ganis Transfer Agreement dated as of May 1, 1999 between
                  Deutsche Financial Services Corporation and Ganis Credit
                  Corporation.

99.1              Boat Mortgage Trust Agreement dated as of May 1, 1999 among
                  Deutsche Financial Services Corporation, Ganis Credit
                  Corporation and Wilmington Trust Company.

99.2              Supplement dated as of May 1, 1999 among Deutsche Financial
                  Services Corporation, Ganis Credit Corporation, Wilmington
                  Trust Company, Norwest Bank Minnesota, National Association
                  and The Chase Manhattan Bank.

99.3              Assignment dated as of May 1, 1999 between Deutsche Financial
                  Services Corporation and Wilmington Trust Company.

99.4              Assignment dated as of May 1, 1999 between Ganis Credit
                  Corporation and Wilmington Trust Company.


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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.




                                           DEUTSCHE RECREATIONAL ASSET
                                           FUNDING CORPORATION
                                           (Registrant)




Dated: June 3, 1999                      By:/S/ Richard C. Goldman
                                            --------------------------
                                            Name: Richard C. Goldman
                                            Title: Vice President


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